4, Place de L’Opera exits OFI REIM Fund and joins Generali Real Estate portfolio (FR)

OFI REIM, in a joint release with Generali Real Estate, announces the sale of 4, place de l’Opera to Generali Real Estate for an undisclosed figure.

Consisting of 10,600 m² of mixed office and retail space, with 27 parking places, the building was owned and managed for the past 10 years by an OFI REIM fund in partnership with F&C REIT.

Brigitte Sagnes Dupont, Executive Chairwoman, OFI REIM comments, “This sale is a solid indication of the continued strength of the French real estate market. We congratulate Generali on the acquisition of such a prestigious asset”. Philippe Brion, Managing Director of Generali Real Estate French Branch, shares, “This acquisition is perfectly inline with our investment strategy as we focus on obtaining solid and resilient assets in France. Today, having earning the HQE label as a result of the investment by OFI REIM, this building offers its occupants every modern amenity while preserving its historical beauty”.

OFI REIM was advised by Jones Lang LaSalle on this transaction.

Source: OFI REIM

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